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Perdue, Bev. Press Release, 2009-12-18, Governor Calls on Federal Government to Ease Credit for Small Businesses

BEVERLY EAVES PERDUE
GOVERNOR
STATE OF NORTH CAROLINA
OFFICE OF THE GOVERNOR
20301 MAIL SERVICE CENTER • RALEIGH, NC 27699-0301
December 18, 2009
Contact: Chrissy Pearson
Office: (919) 733-5612
Governor Calls on Federal Government to Ease Credit for Small Businesses
Letter sent to N.C. Congressional Delegation
RALEIGH – Gov. Bev Perdue today called on North Carolina’s Congressional Delegation to support steps to ease the credit crisis facing North Carolina’s small businesses. Gov. Perdue’s #1 priority is creating jobs in North Carolina, and helping small businesses grow is critical to creating jobs.
“Small businesses are the backbone of North Carolina’s economy,” said Perdue. “It is critical that we get credit flowing back to small businesses to work our way out of this economic and financial crisis.”
In a letter to the N.C. Congressional Delegation, Gov. Perdue asked for federal government support for North Carolina’s efforts to increase lending to North Carolina small businesses. Specifically, the federal government should:

Identify sources of capital, such as unspent TARP funds, that can be repurposed and deployed through banks specifically for small business lending.

Extend the availability of 90% no fee SBA-backed small business loans, and ease the regulatory pressures applied to lenders to bring credit access back within reach of the many viable businesses that need it.

BEVERLY EAVES PERDUE
GOVERNOR
STATE OF NORTH CAROLINA
OFFICE OF THE GOVERNOR
20301 MAIL SERVICE CENTER • RALEIGH, NC 27699-0301
December 18, 2009
Contact: Chrissy Pearson
Office: (919) 733-5612
Governor Calls on Federal Government to Ease Credit for Small Businesses
Letter sent to N.C. Congressional Delegation
RALEIGH – Gov. Bev Perdue today called on North Carolina’s Congressional Delegation to support steps to ease the credit crisis facing North Carolina’s small businesses. Gov. Perdue’s #1 priority is creating jobs in North Carolina, and helping small businesses grow is critical to creating jobs.
“Small businesses are the backbone of North Carolina’s economy,” said Perdue. “It is critical that we get credit flowing back to small businesses to work our way out of this economic and financial crisis.”
In a letter to the N.C. Congressional Delegation, Gov. Perdue asked for federal government support for North Carolina’s efforts to increase lending to North Carolina small businesses. Specifically, the federal government should:

Identify sources of capital, such as unspent TARP funds, that can be repurposed and deployed through banks specifically for small business lending.

Extend the availability of 90% no fee SBA-backed small business loans, and ease the regulatory pressures applied to lenders to bring credit access back within reach of the many viable businesses that need it.